Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) Shares Shorted: Short Interest Down 59.3% in October

Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,517,388 shares, a decline of 59.3% from the September 30th total of 3,732,162 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 2,722,109 shares, the days-to-cover ratio is presently 0.6 days.

Fidelity Wise Origin Bitcoin Fund Stock Up 0.9%

Shares of FBTC opened at $70.85 on Thursday. The firm’s 50-day moving average price is $70.20 and its 200-day moving average price is $64.07. Fidelity Wise Origin Bitcoin Fund has a 1-year low of $50.48 and a 1-year high of $99.09.

Hedge Funds Weigh In On Fidelity Wise Origin Bitcoin Fund

Several large investors have recently made changes to their positions in the business. Lynch Investment Planning LLC purchased a new stake in shares of Fidelity Wise Origin Bitcoin Fund in the 3rd quarter worth approximately $25,000. Birchbrook Inc. increased its position in Fidelity Wise Origin Bitcoin Fund by 106.1% during the 2nd quarter. Birchbrook Inc. now owns 505 shares of the company’s stock valued at $26,000 after buying an additional 260 shares in the last quarter. Latitude Advisors LLC purchased a new position in Fidelity Wise Origin Bitcoin Fund during the third quarter valued at $37,000. Mather Group LLC. raised its stake in Fidelity Wise Origin Bitcoin Fund by 76.2% during the third quarter. Mather Group LLC. now owns 578 shares of the company’s stock valued at $42,000 after buying an additional 250 shares during the last quarter. Finally, Syntax Research Inc. purchased a new position in Fidelity Wise Origin Bitcoin Fund during the second quarter valued at $40,000.

Fidelity Wise Origin Bitcoin Fund Company Profile

The Fidelity Wise Origin Bitcoin Fund (FBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC) using a Bitcoin price feed. An investment in the fund is not a direct investment in bitcoin. FBTC was launched on Jan 10, 2024 and is issued by Fidelity.